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Mueller Industries faces securities fraud probe after Q3 earnings miss and stock drop

Market News
29 Oct 2026, 16:15 WIB
PRNewsWire
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Bearish
Mueller Industries faces securities fraud probe after Q3 earnings miss and stock drop

Mueller Industries announced Q3 fiscal 2026 earnings of $1.00 per share, below analyst estimates of $1.05 to $1.08, and reported shrinking net profit margins. Following this, the company's stock fell 6.59% to $56.81. Pomerantz LLP has launched an investigation into whether Mueller and its executives engaged in securities fraud or other illegal practices. Investors affected are encouraged to contact the law firm as a class action may be pursued.

Mueller Industries (MLI) shares are currently priced at USD 55.30 on Pluang as of Oct 29, 2026 20:32 WIB, showing no change in the last day. The stock's market capitalization stands at $11.96 billion, reflecting its size in the industrials sector. Investors on Pluang hold the stock for an average of 11 days, with all recent orders being buys.

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